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A commercial company issues bonds at a discount of the face value. With amortization, and ignoring coupon payments, equity in the company's balance sheet over
A commercial company issues bonds at a discount of the face value. With amortization, and ignoring coupon payments, equity in the company's balance sheet over the lifetime of the bond
A. | does not change | |
B. | increases | |
C. | decreases | |
D. | first increases and then decreases |
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